March 1, 2012Comments Off on US consumers spend more after incomes rise again

U.S. consumers earned a little more in January and spent most of the extra money. The gains should keep the economy growing at a modest pace. The Commerce Department said Thursday that consumer spending increased 0.2 percent in January. That’s ...

May 31, 2011Comments Off on Obama selects businessman for Commerce post

President Barack Obama has tapped energy executive John Bryson to lead the Commerce Department, putting a businessman at the helm of an agency tasked with boosting U.S. exports and promoting American business around the world. During a White House ceremony ...

Businesses ordered more factory goods in November, responding to stronger demand from consumers. Excluding a drop in demand for airplanes and autos, factory orders jumped by the largest amount in eight months. The Commerce Department says that total orders rose ...